FedEx Express - Flint, MI

4455 Linden Creek Pkwy Flint , MI 48507-2943

FedEx Express - Flint, MI - industrial for sale

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Overview



FedEx distribution center with 57,522 sq. ft. for sale in the Linden Creek Business Park, near Interstates 69 and 75 with direct access to Detroit. Less than one mile from the Bishop International Airport that also serves as a transfer facility and FedEx Shipping Center. 

Investment highlights


  • Fee simple interest
  • Property is leased to the Federal Express Corporation and has been since 1997 
  • Lease was extended in 2017 for a 10-year term and has two 5-year options to extend
  • Set in Linden Creek Business Park with 1.8 million sq. ft. of warehouse distribution space that is 100% occupied
  • Current owner made property improvements prior to the most recent lease extension including new water heaters, entryways, paint and flooring
General
Property type Industrial
Property subtype Distribution/Warehouse
Tenure type Sale/Purchase
Property address 4455 Linden Creek Pkwy, Flint, MI 48507-2943
Land in acres 5.47
Building size 57,522  ft2
Year built 1997
Financial
Price $5,044,000
Cap rate 6.50%
Current NOI $327,876.00
Lease
Tenant's name FEDEX Corporation
Guarantor FEDERAL EXPRESS Corporation
Credit rating (S&P) BBB
Credit rating (Moody's) Baa2
Lease type NN
Lease expiration date 11/30/2027
Remaining term 8.2Yrs

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